Jakarta: Indonesian and Chinese companies signed business agreements worth more than $10 billion on Sunday, as the two countries agreed to strengthen ties during a state visit by President Prabowo Subianto to Beijing.

Prabowo on Sunday wrapped up the first stop of his first overseas tour since taking office last month. After China, he will head to the US before making his way to South America for the APEC and G20 summits, which will be followed by trips to the UK and the Middle East.

He and Chinese President Xi Jinping agreed to deepen ties on Saturday, elevating security to a fifth “pillar” of cooperation, on top of political, economic, maritime and people-to-people exchange. The two countries will hold a first-ever joint meeting of their foreign and defense ministers next year, according to a joint statement.

“Indonesia and the People’s Republic of China are committed to strengthening our friendship and furthering the prosperity of our two nations,” Prabowo wrote on X on Sunday.

Before leaving Beijing for Washington, Indonesia’s new leader presided over a ceremony between the Indonesian Chamber of Commerce and Industry and top Chinese corporations, during which they inked billions of dollars worth of deals on renewable energy, and health and food security, among other issues.

“The strong participation of Chinese businesses in Asia is an important element in close cooperation between our two countries. I have met the president and prime minister, where we agreed to continue this collaboration,” Prabowo said at the Indonesia-China Business Forum in Beijing, as reported by state news agency Antara.

“This is part of our synergy across all sectors, in education, business, industries, people-to-people … we are very optimistic about the prospects,” he added.

“We must give an example that in this modern age, collaboration — not confrontation — is the way for peace and prosperity.”

China, which was also Prabowo’s initial foreign destination as president-elect in April, is Indonesia’s biggest trading partner and the source of more than $7 billion of investment.

“The visit to China is significant because China currently supports Indonesia’s ambitious economic program through investment, including industrial downstreaming programs. China also supports various infrastructure projects … Prabowo has met Xi Jinping before and this visit strengthens the ties,” Dr. Ahmad Rizky Mardhatillah Umar, an Indonesian political researcher at the UK’s Aberystwyth University, told Arab News.

Economic and defense affairs appear to be a top priority for Prabowo for his overseas tour, which includes China and the US, the world’s two biggest economies.

“He's trying to balance and hedge between two sides,” Umar said. “He is trying to maximize economic benefits with China with trade and investment, and to bolster defense ties with the US for defense modernization.”

His choice of China as the first stop on his multi-country trip is likely a strategy to lure more investment from the US, said Teuku Rezasyah, an international relations expert from Padjadjaran University in West Java.

“This development will become an ammunition for Prabowo when he speaks with American businesses,” he said. “He’ll be able to say: If you want to make a comeback in Southeast Asia and be part of the economy, this is now the time.”

Prabowo is trying to establish his own legacy early on, Rezasyah added. Though the president has said he will continue the programs started by his predecessor, Joko Widodo, those are matters related to domestic affairs.

“He wants to give the international community some confidence that they’re dealing with the right person in their language because Prabowo speaks more than one international language,” Rezasyah said, referring to Prabowo’s ability to speak English, Dutch, French and German.

“So, he can easily convince the world.”